<div id="readability-page-1"><p>Cetera Investment Advisers cut its stake in shares of  Sonoco Products Company (NYSE:SON - Free Report) by 66.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor  owned 25,948 shares of the industrial products company's stock after selling 51,653 shares during the period. Cetera Investment Advisers' holdings in Sonoco Products were worth $1,130,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Sonoco Products</strong> alerts:</span></p></div><ul><li>$14B Japanese Facility Signals TSMC's Bold AI Strategy</li></ul><p>Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of  Sonoco Products by 70.1% during the second quarter. Nordea Investment Management AB now owns 2,827,569 shares of the industrial products company's stock worth $122,914,000 after purchasing an additional 1,164,849 shares in the last quarter.  Millennium Management LLC increased its stake in  Sonoco Products by 739.7% during the 1st quarter. Millennium Management LLC now owns 1,152,506 shares of the industrial products company's stock worth $54,444,000 after buying an additional 1,015,250 shares during the period.  Dimensional Fund Advisors LP lifted its holdings in  Sonoco Products by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,591,263 shares of the industrial products company's stock worth $169,646,000 after buying an additional 450,792 shares in the last quarter.  Hotchkis &amp; Wiley Capital Management LLC acquired a new position in  Sonoco Products in the 1st quarter worth $12,883,000.  Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in  Sonoco Products by 87.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 545,179 shares of the industrial products company's stock valued at $25,754,000 after buying an additional 255,055 shares during the last quarter. Institutional investors and hedge funds own  77.69% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>Several research analysts recently commented on the company. Weiss Ratings  reiterated a &#34;hold (c-)&#34; rating on shares of Sonoco Products in a research note on Wednesday, October 8th. Truist Financial cut their target price on Sonoco Products from $58.00 to $57.00 and set a &#34;buy&#34; rating on the stock in a research report on Monday, October 13th. Citigroup reduced their target price on Sonoco Products from $56.00 to $55.00 and set a &#34;buy&#34; rating for the company in a research note on Monday, September 29th. Jefferies Financial Group dropped their price target on shares of Sonoco Products from $61.00 to $60.00 and set a &#34;buy&#34; rating for the company in a research note on Friday, October 24th. Finally, Raymond James Financial  reaffirmed a &#34;market perform&#34; rating on shares of Sonoco Products in a report on Friday, October 17th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one  has issued  a Sell rating to the company. According to MarketBeat.com, Sonoco Products currently has a consensus rating of &#34;Hold&#34; and an average target price of $54.43.</p><ul><li>How Gamers Are Powering Microsoft’s Next Wave of Growth</li></ul><p><b>View Our Latest Stock Report on SON</b></p><h2>Insider Activity at Sonoco Products</h2><p>In related news, Director John R. Haley bought 2,506 shares of the business's stock in a transaction on Tuesday, October 28th. The shares were bought at an average cost of $39.87 per share, for a total transaction of $99,914.22. Following the completion of the purchase, the director owned 23,310 shares of the company's stock, valued at $929,369.70. This represents a 12.05% increase in their position. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Joachimczyk purchased 20,500 shares of the stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average price of $39.50 per share, with a total value of $809,750.00. Following the transaction, the chief financial officer directly owned 20,500 shares of the company's stock, valued at approximately $809,750. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own  0.74% of the company's stock. </p><h2>Sonoco Products Price Performance</h2><ul><li>Microsoft Stock After Xbox Price Hike: Buy or Hold?</li></ul><p>Shares of NYSE SON opened at $41.38 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 0.77 and a beta of 0.55. Sonoco Products Company has a twelve month low of $38.65 and a twelve month high of $52.77. The business has a 50 day simple moving average of $41.08 and a 200-day simple moving average of $44.20. </p><p>Sonoco Products (NYSE:SON - Get Free Report) last released its quarterly earnings data on Wednesday, June 22nd. The industrial products company reported $1.00 EPS for the quarter. The firm had revenue of $1.35 billion during the quarter. Sonoco Products had a net margin of 8.82% and a return on equity of 20.49%. Sonoco Products has set its Q2 2022 guidance at $1.60-$1.70 EPS.  As a group, equities research analysts expect that  Sonoco Products Company will post 6.1 earnings per share for the current year. </p><h2>Sonoco Products Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, November 10th. Sonoco Products's dividend payout ratio  is presently 33.65%. </p><h2>About Sonoco Products</h2> (Free Report)<p>Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Sonoco Products</li><li>Compound Interest and Why It Matters When Investing</li><li>3 Stocks Poised to Benefit From Google’s AI Breakthough</li><li>What does consumer price index measure? </li><li>Beyond NVIDIA: 5 Semiconductor Stocks Set to Dominate 2026</li><li>What Investors Need to Know About Upcoming IPOs</li><li>3 Stocks You’ll Wish You Bought Before 2026</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNPTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNPTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sonoco Products Right Now?</h2><p>Before you consider Sonoco Products, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sonoco Products wasn't on the list.</p><p>While Sonoco Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Cetera Investment Advisers reduced its stake in Sonoco Products Company by 66.6% in Q2, owning 25,948 shares worth $1,130,000. Other investors adjusted their positions, with Nordea Investment Management increasing its stake by 70.1%. Analysts have mixed ratings, with a consensus "Hold" and an average target price of $54.43. Insider transactions include purchases by Director John R. Haley and CFO Paul Joachimczyk. Sonoco's stock opened at $41.38, with a market cap of $4.08 billion.</p>

Cetera Investment Advisers Reduces Stock Holdings in Sonoco Products Company $SON